Foreign inflows into U.S. Treasuries posted a record in the month of August, data from the U.S. Treasury department showed on Tuesday, as investors speculated about a pivot by the Federal Reserve away from aggressive tightening.
Data showed that foreign investors poured an all-time peak of $174.2 billion into U.S. Treasuries, up from $23 billion in July.
The foreign inflows, however, did not square up with the price action in Treasuries. The benchmark 10-year Treasury yield started August at 2.605% , and ended the month at 3.110%, or a 50 basis-point increase, suggesting that investors were selling Treasuries, not buying. And the yen has struggled mightily against a robust U.S. dollar that has surged due to the Fed's big rate hikes. So far this year, the yen has plunged nearly 23% against the greenback. For the month of August, the yen fell 4% against the dollar.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Treasury proposes climate data collection rule for insurersThe U.S. Treasury on Tuesday said it was proposing a new rule to collect data on climate-related risks from property and casualty insurers, one of the first concrete actions in a new push to beef up financial regulation to help fight global warming.
Read more »
Bond Market Woes Keep Mounting, Spreading Pain to StocksThe yield on the 10-year U.S. Treasury note settled above 4% last week for the first time since 2008 following another hot inflation reading.
Read more »
LiveArtX's Seven Treasuries NFT Collection Stolen, Exploiter Breaks Floor PriceNFT platform LiveArtX was exploited on Monday with the attacker gaining access to its treasury wallet and stealing 197 NFTs. By parikshitm899
Read more »
Silver Price Forecast: XAG/USD oscillates around $18.60s despite high US T-bond yieldsSilver Price Forecast: XAG/USD oscillates around $18.60s despite high US T-bond yields – by christianborjon Silver XAGUSD Metals Commodities Technical Analysis
Read more »
Treasury Department asks for data on climate risks from property insurance companiesThe Treasury Department is launching a first-of-its-kind initiative to uncover climate-related risks to private insurance markets.
Read more »
Defying Pentagon Secrecy, Reporting Exposes Retired US Generals on Saudi Payroll\u0022The government fought us for two years to keep these records a secret,\u0022 said one Washington Post journalist. \u0022We sued, and won.\u0022
Read more »